Typically, the top reason people conduct patent searches and read patent documents is to determine if an invention idea has already been patented by somebody else. They totally ignore possible hidden treasures that may also be found in previously issued patent documents. In case you have an idea for an invention then you are probability someone who thinks outside of the box. Why stop there? Don’t limit yourself to thinking outside of the box only when inventing. Thinking outside of the box when deciding how to utilize information found in previous patent documents can increase the likelihood of success with Inventhelp Invention Service as well as create other possible ways of making money. Here I will show you creative ways to utilize information found in previously issued patent documents including ways in which could turn some good information into gold. I will not, however, show you every possible way way you can use the information in patent documents. You may think of new ways yourself that have never been looked at before. Let’s go ahead and take a look at four possible ways to use information found in previously issued patent documents.
1. If you’re searching for a patent attorney or agent that will help you with all the patenting process, why not take down the names and address of law offices or patent agents you find listed on patent document when conducting a patent search. If the address is not really given, conduct a Google type search with all the information that is certainly listed. Obviously, just because a firm may already have handled the patenting of the invention much like yours doesn’t necessarily mean they are right for you personally. Would you like to know a great source to find out whether you should consider using the same law firm or patent agent? How about talking to the inventor listed on the patent document? That’s right, call the inventor, introduce yourself and say, “I’m in the process of obtaining a patent on an invention. I actually have been trying to find a good reputable agent to help me that will charge a reasonable amount. I realize you used so-and-so. Would you recommend them?” In order to discover the contact information of the inventor make use of a people search tool like http://www.whitepages.com. Be aware that sometimes the inventors listed on the patent document will work on the part of a company and was not responsible for hiring the attorney or agent that handled the patent process. In this particular case, it might not be appropriate get in touch with the inventor. These kinds of arrangements as well as a possible method of identifying these are discussed in more detail later.
2. From previous patents you can also compile a listing of assignees that may be curious about licensing your invention. The assignee listed on the patent document is a person or company who was not the inventor, but was issued ownership or part owner in the patent. Most patents that list assignees are ones where inventor, or inventors work for a company within the company’s research and development department. Within the employment contract, the company has ownership rights to the invention developed by the staff member. Patent documents that may involve this type of arrangement are often easy to spot. Some possible signs are when several inventors are listed on the patent so when the invention is highly technical. Unfortunately, it is sometimes hard to determine. If it’s not obvious, you just need to call and inquire. Even if the assignee is really a company that has a research and development department, it doesn’t mean they would not be curious about licensing your invention. Because they already have shown they are in business with products much like yours, they may also be adding Inventhelp Office Locations to their product line. When the assignee is an individual, it’s hard to find out why there was clearly an assignment. You’ll never really know until you call and inquire. Make a list of assignees and at the right time, don’t hesitate to contact them. If you do not have a patent, before revealing any information regarding your invention make sure to protect yourself by having a non-disclosure or similar type of protection agreement signed.
3. Truth be told, the most valuable information you can find on a patent document is the name and address of the inventor. (I’m talking about inventors that work in a private capacity and not as an employee of the company.) An inventor of any product similar to yours can be considered a gold mine of information for you personally. Many people would be fearful of contacting the inventor considering them being a competitor, having said that i tell you, it really is worth the risk of getting the phone hung high on you. Besides, you would be surprised concerning how friendly many people are really and exactly how willing they are to provide you with advice and share their experiences. Tap to the knowledge they gained through their experience. You will have many people may not want to speak to you, but I’ll say it again, you’ll never know up until you ask! If you do opt to make contact with an inventor remember you might be there to accumulate information, not give information. When they start asking them questions that you don’t feel relaxed answering simple say something like “I know you’ll discover why I can’t share that information since I do not have a patent as yet.” Many people will understand and not be offended. You will find people who failed at becoming successful using their invention and can try to discourage you. Here is where you need to have a thick skin. Listen to whatever they say, for they may share information with you that you will need to consider, but don’t let them steal your ideal simply because they failed. The explanation for their failure may not apply to you. Incidentally, you may have the capacity to capitalize off their failure. Read number four below and you may see what I mean.
4. While performing a patent search, when it is found that somebody else has now received a patent on the idea, the tendency is for men and women to stop right there. However, finding a previous patent with an invention idea will not necessarily mean this game is over. The patent protection may be alive and well, but the inventor’s drive and enthusiasm for invention may not. They may have cast aside trying to make money off their invention. Let me explain. Unfortunately, many people feel that once they get a patent on their own invention, the cash will virtually start rolling in. They may have associated the idea of having a patent to be similar to winning the lottery. They think all they have to do is get the patent, contact a few big companies, license their patent to a single, then sit back and wait on the checks. Once this does not happen, they see themselves up against being forced to run the organization. This can include spending money on the manufacturing and the costs of promoting to put it mildly. Confronted with this thought, some individuals get discouraged and give up. There is no telling the number of good inventions already patented are collecting dust in garages throughout America for this very reason. I’m speaking about inventions who have real possible ways to make tons of money if handled correctly. To keep this from happening to you personally read “Collect Money using Your Invention, Not Dust” by Jack Lander. For inventions where inventor has given up, will it be possible to buy the rights to such an invention for little money and market it yourself? You bet it might! Many people will gladly just get back the expense of their patent. Others may rather get yourself a small piece of the pie. I am just talking about a really small piece. However, you will have those that would rather let the ship sink than let somebody else generate income off their baby.
Before speaking with someone regarding the rights for their invention, you must know the subsequent:
After receiving utility patents, maintenance fees have to be paid in order to help keep the patent defense against expiring. This really is if the utility patent was issued on or after December 12, 1980. Maintenance fees are due no later compared to the end of years 4, 8 and 12 from your date the patent was issued for the patent protection to stay in force. In the event the maintenance fee is not paid each and every time it really is due, the patent protection will lapse and will no longer be in force. However, there is a grace period right after the due date where the maintenance fee can be paid, together with other re-instatement fees, and the patent protection will likely be reinstated.
So, in the event that Invention Patent has become previously patented or you find something that looks interesting to you personally, and you will have never seen it on the market, contact the inventor and find out what is going on. Be matter of fact regarding it. Tell anyone you may be curious about purchasing their patent and discover what it really would take so they can assign it to you. Make sure they know you happen to be private individual and never a large company. You may be surprised regarding the number of patents you can pick up. By the way, I highly atgjlh hiring a lawyer to check to the status of the patent, expense of reinstatement, maintenance as well as other fees, prepare all contracts and advise on any patents you are interested in acquiring. I’m no attorney and I’m not providing you with any legal or professional advice.
Because I stated earlier, these are just a couple of possible ways you can utilize information from patent documents. Don’t be confined to just the methods which are presented here. Be creative. Get the gold that everybody else is overlooking!